Business
Director Changes
Director Changes.
About this update from Compass Group Plc
[{"type":"text","content":"\n\n \n\n\n\n\n\n\n\nLegal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68\n\n\n\n\n \n\n\n \n \n \n\n22 September 2023\nCompass Group PLC\n \nDirector Changes\n \n \nCompass Group PLC today announces that, after nearly 40 years of dedicated service, Gary Green has informed the Board that he wishes to retire as Group Chief Operating Officer (COO), North America and as a director of Compass Group PLC. He will step down from the Board on 30 November 2023, however, he remains available to Compass Group until 31 March 2024.\n \nPalmer Brown will assume the role of Group Chief Operating Officer, North America with effect from\n1 December 2023 and will remain a director of the Board. Palmer will hand over his responsibilities as Group Chief Financial Officer (CFO) to Petros Parras, current Regional Finance Director, Europe Middle East (EME). Palmer Brown joined the US business 22 years ago and has spent most of his working career in North America in a variety of senior finance, strategy, and legal roles. He has been responsible for many strategic acquisitions and disposals for the Group and served as Group Commercial Director before becoming Group Chief Financial Officer in 2021.\n \nPetros Parras joined the business in January 2020. Prior to Compass, Petros worked in FMCG businesses including Procter & Gamble, Reckitt Benckiser and Coty in Europe and North America in senior finance, operational and strategic roles. Petros has been Regional Finance Director for EME for close to four years where he has played a key role in the turnaround of the region, focusing on growth strategies, the operating model and core processes as well as the use of data analytics to drive better commercial outcomes. Petros will join the Board on\n1 December 2023.\n \nIan Meakins, Chairman, said:\n \n\"Our detailed succession planning has led to the development of an exceptional bench of candidates, and I am pleased to see these two key positions being filled by internal talent.\n \n\"Over a career of nearly 40 years, Gary has made an outstanding contribution to Compass Group, and built a remarkable business in North America. Many of the processes and strategic initiatives he's implemented in the region are being adopted elsewhere in the business with great success. In recent years, Ga...